Gregory A. Beard Sells 12,210 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 12,210 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $3.71, for a total transaction of $45,299.10. Following the transaction, the chief executive officer now directly owns 462,351 shares of the company’s stock, valued at $1,715,322.21. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Stronghold Digital Mining Stock Up 6.7 %

Shares of NASDAQ:SDIG opened at $3.97 on Thursday. The firm has a market capitalization of $68.45 million, a PE ratio of -1.07 and a beta of 2.98. Stronghold Digital Mining, Inc. has a 1 year low of $1.65 and a 1 year high of $6.70. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21. The firm’s 50-day moving average is $4.67 and its two-hundred day moving average is $4.32.

Analyst Ratings Changes

Separately, B. Riley upgraded Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th.

Institutional Investors Weigh In On Stronghold Digital Mining

Several large investors have recently added to or reduced their stakes in SDIG. Anson Funds Management LP purchased a new position in Stronghold Digital Mining in the 3rd quarter valued at approximately $2,466,000. Walleye Capital LLC acquired a new stake in shares of Stronghold Digital Mining in the third quarter valued at $1,022,000. K2 Principal Fund L.P. purchased a new position in Stronghold Digital Mining in the third quarter valued at $882,000. Thomist Capital Management LP acquired a new position in Stronghold Digital Mining during the 2nd quarter worth $485,000. Finally, Geode Capital Management LLC increased its holdings in Stronghold Digital Mining by 83.0% during the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after purchasing an additional 76,260 shares during the period. 19.33% of the stock is owned by hedge funds and other institutional investors.

Stronghold Digital Mining Company Profile

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.